Infosys to think about share buyback on April 14

NEW DELHI: IT providers main Infosys on Sunday stated its board will contemplate a buyback proposal at its assembly on April 14. “The board of the corporate will contemplate a proposal for buyback of totally paid-up fairness shares of the corporate at its assembly to be held on April 14, 2021, in accordance with the Securities and Trade Board of India (Purchase-back of Securities) Laws, 2018,” Infosys stated in a regulatory submitting.
The end result of the board assembly will probably be disseminated to the inventory exchanges after conclusion of the board assembly on April 14, it added.
The board of the Bengaluru-based firm is slated to satisfy on April 13 and 14, 2021, to approve and tackle file the audited consolidated monetary outcomes of the corporate and its subsidiaries for the quarter and yr ended March 31, 2021.
In August 2019, Infosys had purchased again 11.05 crore of its shares underneath its Rs 8,260-crore buyback provide.
Infosys had accomplished its maiden buyback of Rs 13,000 crore in December 2017, comprising 11.three crore fairness shares at a value of Rs 1,150 per share.

Leave a Reply

%d bloggers like this: